BARBADOS DOLLAR Meaning and
Definition
-
The Barbados Dollar is the official currency of Barbados, a small island nation located in the eastern Caribbean region. It is denoted by the currency code BBD and is regulated by the Central Bank of Barbados.
Derived from the Spanish word "dólar," the Barbados Dollar is subdivided into 100 cents. It was introduced in 1973, replacing the East Caribbean Dollar as the country gained independence from British rule. The currency is primarily issued in banknotes of denominations 2, 5, 10, 20, 50, and 100 dollars, while coins are available in 1 and 5 cents, as well as in denominations of 10, 25, and 1 dollar.
The Barbados Dollar is widely accepted throughout the nation for all transactions and is also used on the neighboring island of Grenada. While it has a fixed exchange rate with the United States dollar (USD) at a rate of 1 USD = 2 BBD, the Barbados dollar is exclusive to the nation and cannot be used elsewhere. It is an important element of the country's economic system, promoting local commerce and trade.
The Barbados Dollar has played a crucial role in the nation's growth and development, serving as a means of exchange for goods and services. It symbolizes the sovereignty and economic independence of Barbados, contributing to its national identity.
Common Misspellings for BARBADOS DOLLAR
- varbados dollar
- narbados dollar
- harbados dollar
- garbados dollar
- bzrbados dollar
- bsrbados dollar
- bwrbados dollar
- bqrbados dollar
- baebados dollar
- badbados dollar
- bafbados dollar
- batbados dollar
- ba5bados dollar
- ba4bados dollar
- barvados dollar
- barnados dollar
- barhados dollar
- bargados dollar
- barbzdos dollar
Etymology of BARBADOS DOLLAR
The word "Barbados Dollar" is derived from its unit of currency, the dollar, and the name of the country it belongs to, Barbados.
The term "dollar" has its origins in the German word "Thaler", which was a silver coin used widely in Central Europe during the 16th and 17th centuries. The Thaler eventually became a popular currency around the world, and its name was gradually adapted and modified in various languages.
As for Barbados, it is an island country in the Caribbean region. The name Barbados is believed to be derived from the Portuguese word "Los Barbados", which means "bearded ones". This name was given to the island by the Portuguese explorer Pedro A. Campos in 1536, due to the presence of fig trees with long hanging aerial roots, giving the impression of beards.
Infographic
Add the infographic to your website:
